The figures were already looking bad, but today it was revealed that the Autumn address didn’t mention the £250 million that has to be paid in compensation to Northern Rock, even though Osborne was fully aware of it.

I can understand how you can forget about the odd fiver but 50 million fivers is a little excessive. Osborne is fucking incompetence personified.

Like this:

Another fuck up in the banking industry but the difference is that the state own 80% of this bank after bailing it out a few years ago.

Instead of looking at the scandelous practices of our once respected institurions –were they ever? – I’m sure that the Govt will put a spin on it stating that this is what happens with state owned institutions – unprofitable and loss making (are these the same thing.)

Or is it a coincidence that a ‘Royal’ bank has made a massive loss a year after a ‘Royal’ wedding and increase in ‘Royal’ expenditure. Hmmmmmmmmmmmm it makes you think…

At the moment I do feel that I could walk into a bank, rob it and then when caught say it was all a big misunderstanding and when I was asking for cash I didn’t expect them to give me other people’s! The gun, I always walk around pointing a gun and put lots of friends on the stand to testify that that just the type of guy I am.

Bod Diamond and John Terry have proven justice is directly linked to wealth!

Like this:

The white bicycle was something that existed in the Netherlands and I never really knew if it was simply an urban legend, exaggerated over the years to perpetuate the image of a free and easy society.

Well it did exist, white bicycles were available for anyone to borrow a bike free of charge to visit the surrounding area. What a wonderful idea, pure in concept and simplistic in idea……..but now bikes are available all over capital cities at a cost.

In London it’s as sinister as a HP Lovecraft story, something so innocent but now twisted out of recognition and what is born is the bastard brainchild of Boris ‘Reanimator’ Johnson with a dose of immorality thrown in by Barclays – a combination surely made in hell on earth!

As the banks have irreperably damaged their reputation in the eyes of many, I agree with the tory peer – yes a fuckin Tory – who wants them renamed. Known as bank holidays as this was when the banks shut and their prestige in the 1800’s; now that prestige has gone and we can’t really call them ‘greedy scumbag bastard’ days can we.

Prior to 1834, the Bank of England observed about 30 saints’ days and religious festivals as holidays but in 1834 this was reduced to just four. The 1871 Bank Holidays Act specified the four days to be regarded as bank holidays – in addition to separate public holidays such as Christmas Day and Good Friday, however they were briefly known as St Lubbock Days in reference to Sir John Lubbock, the Liberal MP who introduced the Act in 1871, and this is what the Tory peer would like to see them called again.

I disagree, believe it or not, I think the public holidays should be revised and representative of key dates of events that changed the country, getting rid of religious holidays, as whether people admit it or not, we have become a secular society.

Although May Day was only intoduced in 1978, this should be moved to 1st May regardless of the day to correspond with the rest of Europe – all workers should be recognised and their achievement celebrated on this day. The following would also be good candidates to have a public holiday named after them: the Tolpuddle martyrs, peasants revolt, general strikes, Peterloo Massacre, Putney debates, Gunpowder Plot.

God is our guide! from field, from wave,
From plough, from anvil, and from loom;
We come, our country’s rights to save,
And speak a tyrant faction’s doom:
We raise the watch-word liberty;
We will, we will, we will be free!

George Loveless 1834

They are not historically in order but you get my point, and by no means definitive.

Labour have now been implicated in the whole banking scandal as Bob Diamond looks like he is going to take everyone down with him – I bet Milliband is wishing he kept his mouth shut – including the Bank of England. His unscrupolous work ethic has coem into question so why are people suprised he will take Barclays for everything he can – leopard spots etc…

In comparison George Bailey was a honourable banker who wanted to kill himself but shown what a loss his life would be – can Bob Diamond say the same!

In the typical style of a Government U-Turn Bob Diamond has gone and Marcus Agius, who had already resigned yesterday, will now take over the running of Barclays until a new chief executive is appointed. Whilst it is bad enough that they were fiddling like Nero to line their own pockets, it transpires that the consequence of what they were doing increased the amount of repossessions.

“Housing Minister Grant Shapps has admitted the fixing of the Libor interest rate, may have been a ‘contributory factor’ to the number of repossessions. Mr Diamond has stated that they only fractionally altered their libor-rate by ‘typically less than one basis point.’ However a basis point is 0.01 per cent – although even such a minor adjustment could have a huge effect on markets and ultimately on customers.”

Same old story, the rich do as much as possible to get richer but it is the working class that always suffer as a consequence. I’m sure Mr Diamond could use his ‘severance package’ to help those affected get their homes back.

The sociological damage that may also have an indirect link is never reported on neverending – as a result of repossession – a couple may break up, kids may suffer as a result, fail exams etc etc.. There are key points in everybody’s life that if something different had happened………….

Marcus Agius, chairman of Barclays has resigned this morning resigned over the rate-fixing scandal. His departure has wiped billions off its value and threatening the position of chief executive Bob Diamond. However there is a belief that evidence exists that the Bank of England ‘advised’ them to cut the rate in a telephone conversation in 2008.

Its probably all smoke and mirrors in order create an inpenetrable fence aroung Bob Diamond who obviously is not going to do the honourable thing and commit Hari Kari, but if the Bank of England are involved it will truly show the true face of capitalism at it worst. A self perpetuating inustry that devises ways purely to make money for those involved.

Banking has become like freemasonary, a sect so sworn to secrecy that you have to sell the soul of your first born to be allowed in, but the more information that comes out is that banking is so corrupt and immoral with such high rewards but you probably had to sell the first born of your first born as well.

Like this:

Frankie Boyle claims that he has paid nearly 40% of his income tax since 2007, but the Daily Mail claim he owes another £1 million had he not used ‘legal’ accounting methods on all the merchandise sales.

40% tax is a lot but that rate is applied when you earn about £45k, why should someone who is earning millions pay the same rate as that of someone who earns £45k. There should be a sliding scale with tax, and if 40% is deemed acceptable for someone who earns 45k what is a fair rate for someone who earns 30 or 40 times that.

How much money do you need to have a maintain an good lifestyle, I am not opposed to earning money but how much do you need before everything just becomes numbers on a piece of paper.

On a nicer note it has been reported that Jason Orange is the only one of Take That who didn’t take part in the ‘Great Tax Avoidance Swindle’. Apparently he banks at the local Coop because they are the most ethical of the majority of financial institutions.